Markets open on a cautious note; Rupee breaches 64 levels: After two days of steep downfall, markets have opened the session on a flat note tracking strength in the global peers amid drop in crude prices. However, persistent sell off by the foreign investors, rise in bond yields in US and Germany coupled with fears of rise in inflation due to inadequate rains are capping the gains on the exchanges. At 9.25 AM, the Sensex is down 7 points at 26,830 levels and the Nifty has lost 10 points at 8,125 level. The rupee is quoting at 64.2 against the US dollar in the early trades tracking weakness in the domestic equities.
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